12:06
Unknown
2013 is ending with lot of cross-current......
Some of the big gainers of 2013 are seeing selling.....
Most of the laggards of 2013 are getting bid.....
S&P 500 has gained 76.90 points or 4.35% in 7 trading days.......it may need a rest very soon.....
BUT laggards may get stronger as indices digest their gains.....
10 yr yield @ 3.004 is @ a tipping point for higher rates ....
Oil @ $100.32 also may impact airlines & other input industries...
BUT there is a new positive for the market, it is worldwide economic growth which is accelerating.....
All in all focus needs to be on stocks & not on indices......
Indices may need to digest gains but new leadership stocks may emerge.......
New leadership stocks are on the verge of making huge gains which may last many years.....
It is important to pay attention to stocks which are bucking negativity or are up on down days.
It is important not to be fixated on 2013 winners which had multi year run already, they are only good for quick daytrades.......
Gold, Silver, Copper, iron ore, steel & other commodities could be the new leaders.....
Important point is, 2014 winners may look lot different than 2013, adapting is the key to making money.
IF you are still exposed to 2013 winners, it is important to understand their vulnerability going forward....
It is also important to pay close attention to RSI for buying & booking profit, this will play a much important role in 2014......
I am noticing a major shift in how funds are being allocated lately.
Good luck in your strategy towards a profitable 2014.
BLOG does NOT give buy or sell.
Saleem
Some of the big gainers of 2013 are seeing selling.....
Most of the laggards of 2013 are getting bid.....
S&P 500 has gained 76.90 points or 4.35% in 7 trading days.......it may need a rest very soon.....
BUT laggards may get stronger as indices digest their gains.....
10 yr yield @ 3.004 is @ a tipping point for higher rates ....
Oil @ $100.32 also may impact airlines & other input industries...
BUT there is a new positive for the market, it is worldwide economic growth which is accelerating.....
All in all focus needs to be on stocks & not on indices......
Indices may need to digest gains but new leadership stocks may emerge.......
New leadership stocks are on the verge of making huge gains which may last many years.....
It is important to pay attention to stocks which are bucking negativity or are up on down days.
It is important not to be fixated on 2013 winners which had multi year run already, they are only good for quick daytrades.......
Gold, Silver, Copper, iron ore, steel & other commodities could be the new leaders.....
Important point is, 2014 winners may look lot different than 2013, adapting is the key to making money.
IF you are still exposed to 2013 winners, it is important to understand their vulnerability going forward....
It is also important to pay close attention to RSI for buying & booking profit, this will play a much important role in 2014......
I am noticing a major shift in how funds are being allocated lately.
Good luck in your strategy towards a profitable 2014.
BLOG does NOT give buy or sell.
Saleem
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